ChartMill Value Indicator & Modified ChartMill Value Indicator :
Developed by Dirk Vandycke, CVI tracks how far the price spread is from its MA. Since MA keeps increasing even when price consolidates or stalls, it is very difficult for the deviation from a moving average to remain in the overbought or oversold regions for extended...
Chart based on True Strength Indicator
It was improved to show same information as Squeeze Momentum Indicator by LazyBear,
but it seems to have better and quicker response to changes and was tested on Bitcoin mainly.
this is one of my favorite scripts as it represents a whole trading system that has given me very good results!
I have only used it on Bitcoin so far but I am sure it will also work for other instruments.
The original code to this was created by LazyBear, so all props to him for this great script!
I have linked his original post down below.
The Enhanced Index (EIDX) is a modified William %R that behaves much like the original, to indicate overbought and oversold market conditions.
EIDX has the advantage of
- Reacting more quickly to changes in buying power.
- Predicting market turning points better than other oscillators. Divergences are more pronounced.
List of my other...
This is a combination of multiple coders work. It involves RSI, ADX, awesome oscillator, ANN strategy, etc. The long and short signals are given only at or after hour 11 (this works best in an hour window). You may also have to change the screen under functions should it show a really tiny graph.
I'm not a coder so the code is very messy. In fact, some...
Work on top of a great lazy bear script , here you can quite easily see where the close price lies compared to the channels . You can turn on displaying the high low as well which allows you to see where wicks went.
please remember to thank lazy bear
This takes Ehler's work that dynamically finds the frequency of market cycles and applies it to the concept of Bollinger Bands.
First the dominant cycle length is found using Ehler's methods, this is then used as the length to the moving average and deviation.
I also ended up using an exponential average rather than a simple average for both the moving average...
Krivo index, suggested by Richard Krivo, tries to quantify the "strength" of a currency by checking how many of its pairs are trading strongly (close above 200sma). As you can see from the chart, KI gives an excellent overview of their strength. Note how it correctly points out the JPY crash (Nov 2012).
I decided to implement KI for each currency separately to...